About Saint Louis City County, MO

2 Bedroom St. Louis Home with view of Mississippi River to be auctioned on Feb 26 at 11AM. Open House on Sunday Feb 21 from 1-3. Agent commission cooperation.

#3 River Bluff Place, St. Louis, MO 63111

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Property Flyer • Public Notice of Sale • Seller Disclosure • Lead Paint Disclosure • Title • Home Inspection

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MLS #90058190

LOCATION: #3 River Bluff Place, St. Louis, MO 63111 DATES: February 26, 2010 Real Estate Auction at 11AM Preview at 10AM TIME: 10 AM Preview and Auction at 11 AM CST

OPEN HOUSE DETAILS DATES: Sunday, February 21, 2010 TIME: 1:00 to 3:00 PM

Other Details: How would you like to eat your dinner overlooking the Mississippi River? Or simply sit on your front porch with a beautiful view of the river? You have it with this lovely 2BR Brick Home situated on a nice cul-de-sac located at #3 River Bluff Place, St. Louis, MO 63111. This home will be SOLD to the Highest Bidder at Real Estate Auction on Friday, February 26, 2010 at 11 AM CST subject to Seller Confirmation. The Home will be sold "As Is, Where Is and With All Faults". MLS Detail Listing #90058190 This auction is in Broker cooperation with RE/MAX Platinum listing agent Joe Garner 314-359-0972 mobile. Nominal Opening Bid. Get Pre-Qualified 6% Buyers Premium will apply and be added to the top bid and become part of the final Real Estate Purchase Price. Buyer's Premium Example: Bid Price: $100,000 Plus 6% Buyer's Premium: $6,000 Total Contract Price: $106,000 High Bidder makes a 5% Down Payment at the conclusion of the Auction. Balance of Purchase plus customary buyer closing expense due at closing in 30 days. Broker and Agent Participation is Encouraged Click here to learn how Brokers and Agents earn commission with Buyer representation. Sign Up Your Buyer Now Please read all attached forms and links carefully. Contact Rick Bauer at Father Time® Auctions with any questions about this real estate at 314-614-3841 mobile. Father Time® Auctions Roland R. Bauer,III Broker, Auctioneer, AARE, CES, GRI, CRTS, CAGA 2850 Lawndell Drive St. Louis, MO 63144 314-962-4200 office 314-614-3841 mobile 314-962-2573 fax rbauer@fathertime.com www.fathertime.com Auctioneer, Missouri License: Paul M. Roesch #MO44942, and Roland R. Bauer III MO44943. Paul M. Roesch Illinois Auctioneers License #441.001480; Roland R. Bauer III Illinois Auctioneers License #441.001538; Father Time Auctions Illinois Licensed Auction Firm #444.000377 Illinois Real Estate Broker, Roland R. Bauer III license #475.084598; Missouri Real Estate Broker, Roland R. Bauer III license #2000151920; Missouri Real Estate Brokerage license #2009026354; Illinois Real Estate Brokerage license #481.011392; Missouri Real Estate Salesperson Paul M. Roesch, license #2009035415; Illinois Real Estate Broker, Paul M. Roesch license #475.119533; Illinois Real Estate Salesperson, Paul M. Roesch license #476433723; Illinois Real Estate Salesperson, Cathy A. Roesch license #476433722. Open House Details: SUNDAY, February 21, 2010 from 1:00 - 3:00 PM and Day of Auction, FRIDAY, February 26, 2010 at 10:00 AM

Sometimes the uglier is not always the better property! Looking today with a buyer at a foreclosed rehab, the idea came up that according to the listing, this property could sell for $200,000 x 2 (townhomes). That could be true, but is there any market data to prove that?

Looking at that specific neigbhorhood (the Southwest Gardens Neighborhood of St Louis City), I would be skeptical of a townhome in that price range.

At one point, buying a home and fixing it up was a way to add "sweat equity" to a home. In more recent years, the cost of improvements has risen. Of course, its still possible to get a good deal on a home, fix it up and either live in, lease, or sell it for a profit. The most important factor is getting a good price on the home.

In every real estate market there are homes that are presented as "good deals". But when the basic math is done: acquisition cost + repair cost, the sum of those two sides exceeds the market value. As always, buyer beware!

St Louis real estate is our specialty! If you're looking for real estate anywhere in the St Louis, MO area, including St Louis City, St Louis County, St Charles, Ballwin, Chesterfield, Kirkwood, Webster Groves, or one of the other areas we serve, simply click the "Search St Louis Real Estate" link at the top or bottom of this page to begin your home search now.

Want a great view of the Mississippi River while you eat dinner or sit on your front porch? You will love this 2 Bedroom brick home. Ready for your decorating touch! Great back yard for relaxing. Nice cul-de-sac. Come see today! Buyers Agents can earn commissions at this auction. 314-962-4200 for auction information

#3 River Bluff Place, St. Louis, MO 63111

Photo Gallery

Directions to location

Get notified of upcoming auctions

Permalink

Neighborhood

Financing

Standard Terms of Real Estate Sales Contract

Property Flyer • Public Notice of Sale • Home Inspection • Seller Disclosure • Lead Paint Disclosure

Google Maps

MLS #90058190

LOCATION: #3 River Bluff Place, St. Louis, MO 63111 DATES: February 26, 2010 Real Estate Auction at 11AM Preview at 10AM TIME: 10 AM Preview and Auction at 11 AM CST

OPEN HOUSE DETAILS DATES: Sunday, February 21, 2010 TIME: 1:00 to 3:00 PM

Other Details: How would you like to eat your dinner overlooking the Mississippi River? Or simply sit on your porch with a beautiful view of the river? You have it with this lovely 2BR Brick Home situated on a nice cul-de-sac located at #3 River Bluff Place, St. Louis, MO 63111. This home will be SOLD to the Highest Bidder at Real Estate Auction on Friday, February 26, 2010 at 11 AM CST subject to Seller Confirmation. The Home will be sold "As Is, Where Is and With All Faults". MLS Detail Listing #90058190 This auction is in Broker cooperation with RE/MAX Platinum listing agent Joe Garner 314-359-0972 mobile. Nominal Opening Bid. Get Pre-Qualified 6% Buyers Premium will apply and be added to the top bid and become part of the final Real Estate Purchase Price. Buyer's Premium Example: Bid Price: $100,000 Plus 6% Buyer's Premium: $6,000 Total Contract Price: $106,000 High Bidder makes a 5% Down Payment at the conclusion of the Auction. Balance of Purchase plus customary buyer closing expense due at closing in 30 days. Broker and Agent Participation is Encouraged Click here to learn how Brokers and Agents earn commission with Buyer representation. Sign Up Your Buyer Now Please read all attached forms and links carefully. Contact Rick Bauer at Father Time® Auctions with any questions about this real estate at 314-614-3841 mobile. Father Time® Auctions Roland R. Bauer,III Broker, Auctioneer, AARE, CES, GRI, CRTS, CAGA 2850 Lawndell Drive St. Louis, MO 63144 314-962-4200 office 314-614-3841 mobile 314-962-2573 fax rbauer@fathertime.com www.fathertime.com Auctioneer, Missouri License: Paul M. Roesch #MO44942, and Roland R. Bauer III MO44943. Paul M. Roesch Illinois Auctioneers License #441.001480; Roland R. Bauer III Illinois Auctioneers License #441.001538; Father Time Auctions Illinois Licensed Auction Firm #444.000377 Illinois Real Estate Broker, Roland R. Bauer III license #475.084598; Missouri Real Estate Broker, Roland R. Bauer III license #2000151920; Missouri Real Estate Brokerage license #2009026354; Illinois Real Estate Brokerage license #481.011392; Missouri Real Estate Salesperson Paul M. Roesch, license #2009035415; Illinois Real Estate Broker, Paul M. Roesch license #475.119533; Illinois Real Estate Salesperson, Paul M. Roesch license #476433723; Illinois Real Estate Salesperson, Cathy A. Roesch license #476433722. Open House Details: SUNDAY, February 21, 2010 from 1:00 - 3:00 PM and Day of Auction, FRIDAY, February 26, 2010 at 10:00 AM

We are looking forward to the following speaking engagements on using social media and technology to market and sell real estate. Here is the current line-up:

MARCH 4 - WOMEN'S COUNCIL OF REALTORS® - METROPOLITAN ST. LOUIS - TECHNOLOGY PANEL

Topics will include:

• Use of Video to Market and Sell Homes
  
• Creation of a Photo Blog
• Blogging – A REALTOR'S Perspective
  
• Tech Gadgets
  
• WCR Live - St. Louis Broker Conference Call - Using Talk Radio Shows/Podcasts
• WCR Social Media

For more information on the program, visit: www.WCRSTL.org.

APRIL 22 - KANSAS CITY REGIONAL ASSOCIATION OF REALTORS® - SOCIAL MEDIA PANEL

Topics will include:

• Blogging for Business - ActiveRain and Other Platforms
• LinkedIn Strategies - No Longer the Redheaded Stepchild of Social Media

For more information on the program, visit: www.kcrar.com.

JULY 8 - WOMEN'S COUNCIL OF REALTORS® - ST. CHARLES COUNTY - SOCIAL MEDIA

Topics will include:

• The Don’ts of Social Media – Common Mistakes
• 5 Social Network Strategies to Build Your Business (LinkedIn/Facebook/Twitter)
• Blogging for Business – Topics that will Drive Business to You
  
• Google Tools for your Business and Other Tech Gadgets
  
• Social Media Resources

For more information on the program, visit: www.wcrstcharlesco.org.

We hope to have a few more training events scheduled in the next week, including a program focusing on the use of technology and social media by professional association.

NEED A SPEAKER FOR YOUR NEXT SALES MEETING? Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381 or by e-mail to Ryan@PREASignatureRealty.com.

If you've recently applied for credit to finance a St. Louis real estate purchase, and were declined, you might be wondering why a lender would deny you credit. Most lenders have a checklist of qualifications necessary to get approval for a home loan, and some don't have anything to do with what your credit score is. Here are the basic reasons a lender may deny a mortgage loan:

•· Little or no credit. You may be under the mistaken impression that no credit is better than bad credit, but you'd be wrong. A blank credit history is not something a mortgage lender wants to see. A lender needs some idea of how you make payments. You can build your credit history by getting a department store credit card, and only using thirty percent of your available credit to make a purchase. Making regular payments will soon add up to good credit, and lenders will look more favorably at your loan application.

•· Bad Credit. It'll be difficult to find a lender that will approve a person with bad credit. It's not the end of the road. You can improve your credit score with a little hard work and still buy that St Louis home or condo. You'll want to get a copy of your credit report from all three of the major credit bureaus. If you have frequent late charges or many items in collections, you'll need to call each company and arrange to get your accounts current. You'll be surprised at the difference each timely payment makes on your credit score.

•· Credit-to-Debt Ratio. Most mortgage lenders will decline a loan application if your credit to debt ratio is too high. The ratio is figured by dividing the amount of credit available to you by the amount that you are actually using. Using all or a high percentage of the credit available to you may leave the impression that you are short on money and will have trouble making loan payments. At this time, most lenders are looking for a debt ratio not to exceed the 31% level.

Let me help you get on the road to a St. Louis real estate loan. Call me at 314-630--4227 or email me at rfisher@sellshomesfast.com for more information.

Go to Http://www.WelcomeToStLouisRealEstate.com to search the entire St Louis MLS for your next home or condo.

LINKS:

Build your credit history:

http://articles.moneycentral.msn.com/CollegeAndFamily/MoneyInYour20s/9waysToBuildAKillerCreditScore.aspx

Improve your credit score:

http://www.myfico.com/CreditEducation/ImproveYourScore.aspx

Credit-to-debt ratio:

http://michaelbluejay.com/house/debt-ratio.html